1938 Proof Jefferson Nickel
Strike Type
Coin Details
Value Estimates
Values as of May 2026 — estimates reflect typical grades (G-4 through MS-63). Coins in lower or exceptional grades may fall outside this range.
Auction Record
$5,980 PR67 05-01-2001 Heritage Auctions
Description
The 1938 Proof Jefferson Nickel is a proof nickel struck at the Philadelphia Mint, part of the Jefferson Nickels Original Design 1938-2003 series. With a mintage of 19,365, this is an extremely rare issue — the lowest mintage among 4 mint variants, representing only less than 1% of total production. The obverse features Thomas Jefferson facing left and the reverse displays Monticello, Thomas Jefferson's Virginia estate. First year of the Jefferson Nickel, replacing the Buffalo Nickel. Felix Schlag won the public design competition. As a proof issue, this coin was struck multiple times on specially prepared polished planchets using polished dies, producing mirror-like fields and frosted design elements prized by collectors. Struck at the original U.S. Mint facility, in continuous operation since 1792. Estimated market value is approximately $144. Struck in 75% copper, 25% nickel, weighing 5 grams, 21.2 mm in diameter, with a plain edge. Cataloged as PCGS #4175.
